img_irbmenu

5

Tokio Marine Holdings Tokio Marine & Nichido Nisshin Fire Tokyo Marine & Nichido Life Tokio Marine & Nichido Financial Life

Tokio Marine & Nichido Financial Life

Summary of FY2012 interim results


 Single-payment premiums of variable annuities
Single-payment premiums of variable annuities

(unit: billion yen)


 FY2008FY2009FY2010FY2011FY2012 1H
 Single-payment premiums of variable annuities444.9 174.3 105.413.7-
Single-payment variable annuities premiums have continued to decline mainly due to the suspension of new sales.

 EV


(unit: billion yen)


 FY2007FY2008FY2009 FY2010FY2011
 EV at the end of the fiscal year94.3 44.0 63.3 42.3 21.0
 Change in EV*-14.4 -50.2 19.2 -20.9 -61.3
*Excluding the effects of capital transactions

Embedded value (EV), the profit indicator, as at the end of FY2011 decreased by 61.3 billion yen YoY to 21.0 billion yen (excluding the amount of capital increases in the period) mainly due to partial changes in the reinsurance program and the suspension of new sales.
(Note: EV balance is disclosed at the end of the fiscal year only.)
On a financial accounting basis, interim net income decreased by 6.1 billion yen YoY to a loss of -5.4 billion, as a result of recognition of extra retirement benefits for the purpose of supporting employees' job-changes from organizational restructuring, in addition to an increase in reinsurance costs.

 Major benchmark figures

(unit:million yen, unless otherwise specified)


 FY2008FY2009FY2010FY2011 FY2012 1H
 Ordinary income567,631 483,745 170,776113,046 116,979
 Ordinary profit10,099 -1,301 -2,395-14,944 -3,581
 Core operating profit-827 2,589 -5,095-2,735 -5,675
 Net income10,078 -1,363 -2,500-15,148 -5,486
 Common stock48,000 48,000 48,000 68,000 68,000
 Total assets1,964,170 2,321,094 2,263,019 2,239,379 2,121,994
 (Separate accounts)1,876,816 2,237,702 2,192,259 2,140,793 2,027,719
 Underwriting reserves1,914,011 2,271,350 2,218,058 2,181,176 2,072,099
 Loans2,421 2,542 2,6972,833 2,787
 Securities1,881,915 2,230,316 2,190,848 2,136,796 2,051,075
 Solvency margin ratio1,057.5%1,275.3%1,127.9%898.7% 741.6%
 Number of employees363337287263 -
(Note) Solvency margin ratio after FY2010E is based on the new formula applied at the end of FY2011

 Total policy amount in force and new policy amount (Unit: billion yen)  

 FY2008FY2009FY2010FY2011 FY2012 1H
 Total policy amount in force     
    Individual insurance309.7 296.6 284.5273.1 267.3
    Individual annuities2,332.5 2,486.8 2,490.0 2,433.5 2,381.4
    Group insurance--- - -
    Group annuities--- - -
 New policy amount     
    Individual insurance0.3 -- - -
    Individual annuities442.7 173.4 104.713.1 1.0
    Group insurance--- - -
    Group annuities--- - -

Download of all financial data of Tokio Marine & Nichido Financial Life


Related Page:Summary Report